NWA posts $2.8 billion 2006 net loss including reorganization charges

Northwest Airlines Corp. reported a 2006 net loss of $2.8 billion owing to heavy reorganization costs, widened slightly from a $2.56 billion loss in 2005, as it continues to work through Chapter 11 restructuring.
NWA said it posted a pre-tax profit of $301 million before reorganization items, a significant turnaround from a 2005 pre-tax loss of $1.38 billion on a similar basis. "To report an annual pre-tax profit is another major milestone in Northwest's restructuring efforts," President and ...

ATW On-Location

Trans States Holdings, parent of US regionals Trans States Airlines, Compass Airlines and GoJet Airlines, remains “comfortable” with its order for 50 Mitsubishi Regional Jets and expects to begin taking delivery of the aircraft in 2017....More

ICAO will have to boost its budget by 3% to pay a Web-based information database to provide airlines, air navigation service providers and member states a source of safety information about the risks to flights over and within conflict zones....More